Latest in Parliament Highlight
Latest in Parliament
Economic committee continues discussions on financial leasing, factoring law
Some MPs have requested extending settlement period, as six months not enough
Parliament seeks to meet ETA again in March to discuss development
Tax revenues rose to EGP 55.9bn in July-August 2017 from EGP 37.9bn in prior year
Parliamentary committee criticises Awqaf Authority over losses in past fiscal year
EGP 2.5bn not invested in factories to generate jobs, limiting ability to create revenue
Parliament calls on government to pay EGP 7bn of export subsidies arrears
Dues are for 18 months, securing them saves factories from shutting down: Chairman of the Industry Committee
Parliament to hold final vote on consumer protection bill in March: El-Gohary
Parliament’s economic committee agreed to grant the power of issuing the executive regulation of the bill within three months to Sherif Ismail rather than Ali Al-Moselhi
Parliament’s tourism committee holds meetings with investors on unified tourism bill
Parliament’s tourism and aviation committee will start to hold meetings with members of the Tourism Investors Association and the Egyptian Federation of Tourism Chamber to hear their views concerning the unified tourism bill, according to Adel Rady, chairperson of the Tourism Investors Association at Marsa Alam. He told Daily News Egypt that the aim of …
Public sector minister to share vision on state-owned firms IPOs before parliament
Differences between committee members on whether governmental deregulation in or out, says MP
Rice pricing tops EGP 12 per kg of average quality: MP
Ministry of Water specified surface areas, regions allocated for rice cultivation for 2018 at 750,000 feddans, of which 400,000 feddans will be irrigated with agricultural drainage system
Parliament’s labour committee asks 6 ministries to provide health insurance for temporary workers: MP
Meetings with 6 ministries to lay out strategy to provide insurance to seasonal labourers
Post-election prime minister will be chosen based on economic awareness: MPs
The total net foreign direct investment (FDI) inflows during the first quarter (Q1) of fiscal year (FY) 2017/2018 amounted to $57.1bn, compared to $87.1bn in the same quarter of FY 2016/2017 In press statements, several members of parliament revealed that the pool of candidates for the post of prime minister after the 2018 upcoming presidential …
Parliament discusses additional appropriations for general budget final account for FY 2016/2017
Additional appropriations allocated for oil derivatives at about EGP 61bn of total additional appropriations at EGP 105bn
Finance Ministry ignores parliament’s economic committee inquiry on private funds: Sherif
We would like this file to be handled with transparency; non-response to prime minister’s letter very serious, raises many questions about these private funds, says representative of parliament’s economic committee
3 ministries to join programmes, performance evaluation by end-February
Parliamentary planning, budget committee works on imposing system on 10 additional ministries next fiscal year, reaching 16 ministries in total
IMF’s demand of economic authorities to limit borrowing means accelerating privatisation: MP
EGPC leads list of borrowers with guarantees from public treasury, accounting for 47.61% of loans
Parliament agrees to extend SUMED’s work for 27 years
SUMED is joint stock company of $400m capital; Egypt, represented by EGPC contributed 50% of capital
Finance Ministry sends parliament new draft of tenders, auctions law
Disagreement over bill’s new meaning tenders, auctions put forward by public sector will not be subject to law
GARPAD blames Irrigation, Electricity Ministries for losses
Violations of water quantities prevent access to GARPAD lands, says Irrigation Ministry
Participation of private sector river navigation project requires approval of Defence Ministry: Desouki
New draft law aims to allow local, foreign private sector to take part in development processes with aim of increasing efficiency in short period while connecting sea, river, dry ports across Egypt
Parliament tentatively agrees to renew tax dispute settlements law for 2 years
Planning and budget committee proposed 1 year, plenary session took government’s draft
Planning and budget committee completes 5 articles of Tenders and Auctions Law
Draft law, after approval, contributes to provision of large sums to public treasury, combating corruption, improving quality of services received by citizens
Offering nature reserves to investors violates constitution: MPs
MP seeks government questioning over offering land in nature reserves to investors
Careful discussion of Consumer Protection Law in best interest of markets: El-Gohary
Parliament still awaiting minister of trade and industry to send controls, work mechanisms of services, maintenance centres. Additionally, traffic law has not been issued by government to date
Parliament studies increasing preference ratio for locally-made goods in tenders bill
Chamber of Engineering Industries will present proposed law amendments next week
Ministries of Housing, Transport submit Q1 2017/18 budget to parliament, reflecting performance indicators, programmes: Nabil
Subcommittee making great efforts with ministries to apply indicators
Electricity Ministry considers parliament’s request to include 25% of fixed installment for factories’ actual consumption
Government has agreed to schedule debts for three months, response to parliament’s memorandum in two weeks
CPA competencies within law overlap with other supervisory agencies: CFI vice chairperson
Over the past years, the food industries sector was monitored by specific ministries and parties concerned with the sector. However, the monitoring was weak, so each agency must play its role while coordinating with several other bodies.
Dispute over period of committing real estate developers to fix unit faults
New law article to protect customer rights stirs debate among developers
FEI, FEDCOC, Parliament dispute on financial fines, prison sentences in consumer protection law
The Committee introduces penalties amounting to 5 years imprisonment, FEI, FEDCOC reject
Parliament to finish amendment to capital market law in few days: Nasr
New law to set regulations of futures and commodities exchanges
Parliament preliminarily approves establishment of Egyptian Space Agency
Egyptian-made satellite will be launched in July 2018